Turning 30 next month, need a reality check
I'm a senior developer in an IT service company; turning 30 next month. So I thought of reviewing and planning my finances better going forward. My wife and I married a year ago and are planning for kids next year. And we are currently debt free.
Monthly salary: mine - 1.45L (+50k annual bonus) & wife - 30k
Monthly expenses: ~35k to 40k
Monthly investment for the long term:
Equity 50k (Flexi Cap + Mid Cap)
Debt 35k (EPF + PPF)
Current assets:
3bhk in Pune (parents helped with this and currently living in it); 3bhk family house in hometown (it's a small town).
10 acres of agriculture land (it's pretty mid).
Parents are retired government employees with 1.2L combined monthly pension and 1.5 cr in FDs.
I have 5L in savings account, 3L in mutual funds and 10L in EPF and PPF.
I spent my recent savings on the interiors of the flat and got a car last year because I didn't want to take any debt. Was this a good decision?
Request the good people of reddit to review and provide suggestions on how I can do better.